JPMorgan Chase & Co. Reiterates “Overweight” Rating for Hochschild Mining (LON:HOC)

Hochschild Mining (LON:HOC)‘s stock had its “overweight” rating restated by equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday,Digital Look reports. They presently have a GBX 300 ($3.69) price objective on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 63.04% from the company’s current price.

Several other research firms also recently issued reports on HOC. Canaccord Genuity Group upped their price objective on shares of Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the company a “buy” rating in a research note on Thursday, October 24th. Berenberg Bank restated a “hold” rating and issued a GBX 200 ($2.46) price objective on shares of Hochschild Mining in a research note on Wednesday, October 16th. Finally, Canaccord Genuity Group decreased their price objective on shares of Hochschild Mining from GBX 310 ($3.82) to GBX 285 ($3.51) and set a “buy” rating for the company in a research note on Thursday.

Hochschild Mining Stock Down 4.9 %

LON:HOC traded down GBX 9.40 ($0.12) during trading hours on Thursday, hitting GBX 184 ($2.27). The company’s stock had a trading volume of 2,878,781 shares, compared to its average volume of 2,690,782. The stock has a market capitalization of £946.61 million, a P/E ratio of 3,680.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The stock has a fifty day moving average of GBX 218.44 and a 200-day moving average of GBX 200.71. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 55.11. Hochschild Mining has a 52-week low of GBX 87.30 ($1.07) and a 52-week high of GBX 251.84 ($3.10).

Hochschild Mining Company Profile

We are a leading underground precious metals producer focusing on high grade silver and gold deposits, with over 50 years’ operating experience in the Americas.

We currently operate three underground mines, two located in southern Peru and one in southern Argentina. All of our underground operations are epithermal vein mines and the principal mining method used is cut and fill.